Autos, Climate & environment, Business
410 storiesApple and LG Electronics jointly develop smart home devices under LG brand
Apple and LG Electronics are jointly developing smart home devices — a camera-equipped video doorbell, smart door lock, security camera and smart thermostat — which will be sold under the LG brand, according to Bloomberg reports cited by Ko…
Kuaishou’s Kling AI plans Hong Kong IPO as early as next year, seeks $1bn
Kling AI, Kuaishou’s AI video service, plans to list in Hong Kong as early as next year, according to CLS, IT Home and 36Kr. IT Home reported the IPO could raise at least $1 billion and that CICC, Goldman Sachs and UBS have been selected as…
Shinsegae invests $1bn in Warner Bros. deal as Paramount completes takeover
Shinsegae Group said its unit Shinsegae Property will invest $1bn (about 1.4 trillion won) in the takeover of Warner Bros. led by Paramount Skydance, alongside David Ellison and US investment firm RedBird. Paramount completed the acquisitio…
POSCO completes second Argentine lithium plant, eyes 50,000-ton output
POSCO Holdings held a completion ceremony on 6 October local time for the upstream stage of its second brine lithium plant near the Hombre Muerto salt flat in Argentina, the company said on 7 October. The plant has 23,000 tons of annual lit…
Nongshim floats 6-meter Shin Ramyun cup on London's Thames in brand campaign
Nongshim said it floated a roughly 6-meter-tall Shin Ramyun cup sculpture along the River Thames in London, departing Royal Docks on the afternoon of Oct 6 local time and passing the London Eye and Big Ben. The company said the installation…
Japan antitrust watchdog raids Asahi, Kirin, Suntory, Sapporo over beer price cartel
Japan's Fair Trade Commission began a forced investigation on Oct 7 into Asahi Beer, Kirin Beer, Suntory and Sapporo Beer on suspicion of an Antimonopoly Act violation over beer prices. The four are suspected of coordinating wholesale price…
Paramount Skydance closes $110bn Warner Bros. Discovery acquisition
Paramount Skydance completed its purchase of Warner Bros. Discovery for $110bn, and the combined company is named Skydance. Its shares will trade on the New York Stock Exchange under the ticker SKYD, while WBD shares stopped trading on Nasd…
Hyundai Engineering wins 870bn-won Incheon data centre project with KT Cloud
Hyundai Engineering said it won a project worth about 870 billion won to build a 50-megawatt data centre in Incheon, with KT Cloud as joint contractor and, according to KT Cloud, design-build-operate partner. Hyundai Engineering says constr…
LG Electronics Q3 revenue 23.8 trillion won, operating profit up 13.5% but below consensus
LG Electronics reported preliminary third-quarter revenue of 23.827 trillion won, up 8.9% from a year earlier, and operating profit of 781.8 billion won, up 13.5%. Both figures fell short of the average analyst consensus, and the shares dro…
Suhyup Bank president selection fails again at second committee vote
Suhyup Bank's bank president recommendation committee failed for a second time on Oct 6 to name a final candidate, because no nominee won the required four votes from the five-member panel. The vote again split 3-2 between incumbent preside…
Former Yaskawa Electric president Masahiro Ogawa dies at 62
Masahiro Ogawa, former president and vice chairman of Yaskawa Electric, died on Oct. 2 of illness at 62, the company announced on Oct. 5. An engineer who spent most of his career in the industrial robot business and helped open the US marke…
Paramount closes Warner Bros. Discovery takeover, creating Skydance
Paramount Skydance closed its acquisition of Warner Bros. Discovery on Tuesday, creating a company named Skydance led by CEO David Ellison and co-CEO Ynon Kreiz. The merged company brings CNN, CBS News, HBO Max and Paramount+ under one roof…
Burger King ends Yoo Hae-jin ad campaign amid “Assassin(s)” dispute and boycott calls
Burger King ended its advertising campaign featuring actor Yoo Hae-jin for the autumn menu item Truffle Mushroom Whopper, about two weeks after the product's Sept 16 launch, as online calls to boycott products he advertises spread amid the …
MBK's 2.4 mln Homeplus shares cancelled free of charge; 600 bln won burden stays
MBK Partners' 2.4 million Homeplus common shares, acquired for about 2.5 trillion won, were cancelled without compensation on September 14 under a court-approved rehabilitation plan, Bloter and Korean business outlets reported. MBK and Chai…
Huawei and Qualcomm sign broad patent licensing deal covering 5G, AI and networking
Huawei and Qualcomm announced a multi-year, broad patent licensing agreement that cross-licenses their portfolios in 5G, computing, artificial intelligence and networking, with Qualcomm also acquiring some of Huawei's US patents in those fi…
Hyundai launches 2027 Sonata The Edge with new Black N Line trim
Hyundai Motor launched the facelifted 2027 Sonata The Edge on Oct. 7, adding a Black N Line design trim based on the top Inspiration grade, with a black Hyundai emblem, black name lettering and 19-inch matte black wheels. The S trim gains a…
JR East to start teppay code payment in Mobile Suica on Oct 20, raising limit to ¥300,000
JR East said teppay, a code payment service added to the Mobile Suica app, will start on Oct 20 from 11:00, allowing purchases above Suica e-money's ¥20,000 ceiling and transfers of balance between users. Identity verification with a My Num…
Paramount Skydance completes $110bn Warner Bros. Discovery takeover
Paramount Skydance said on October 6 that it has completed its acquisition of Warner Bros. Discovery in a deal valued at about $110 billion (roughly ¥17 trillion). The combined company will be named Skydance and will hold two Hollywood film…
Nippan admits unit sold Japanese books to US AI firm Anthropic, publishers group told
Nippan Group Holdings has admitted to the Japan Book Publishers Association that a subsidiary sold Japanese books to the US AI developer Anthropic. In a written reply dated Oct 5, the distributor said the sales ran from December 2024 to Dec…
AMD CEO Lisa Su to meet Samsung chip head in Seoul as memory shortage bites
AMD chief executive Lisa Su plans to meet Samsung Electronics' semiconductor business head and vice chairman Jun Young-hyun on Wednesday during a visit to South Korea, people familiar with the matter said. The meeting comes as a broad short…